Refer to Table 4-5. The equations above describe the demand and supply for Chef Ernie’s Sushi-on-a-Stick. What are the equilibrium price and quantity (in thousands) for Chef Ernie’s sushi?Table 4-5Demand Supply P = 80 – QD P = 50 + 1/2 QSQD = 80 – P QS = 2P – 100A) $40 and 50 thousandB) $60 and 20 thousandC) $80 and 80 thousandD) $50 and 100 thousand

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